If you want to double the amount of your investment then you must think of investing in the post office kisan vikas patra scheme. Kisan vikas patra 20182019 post office savings scheme. Type of certificate to confirm whether it is for single or joint kvp. Kisan vikas patra was used rampantly for money laundering and cases of theft of kvp certificates also started rising due to easy transferability and lack of paper work. Application for closure of account under senior citizens savings scheme 2004 by spouse joint holder nominees legal heirs. The primary objective of the scheme was to encourage indian farmers to indulge in longterm financial savings for their betterment. Govt of india has launched new kisan vikas patra kvp last tuesday, 18 th november, 2014. As kvp had became a money laundering instrument, it was withdrawn in 2011 following recommendation of a government committee.
Kvp kisan vikas patra scheme features, eligibility. The institute is entrusted with the task of mobilization of savings in national savings schemes of government of india, operated through post offices and designated banks throughout the country. Branch will issue a certificate called kisan vikas patra with your name, amount, date of maturity and amount on the date of maturity. Today the kisan vikas patra scheme continues to be important to many all around the country. All the revised information about the kisan vikas patra 20182019 is given in this post. Post office savings scheme the indian post department has launched the kisan vikas patra kvp in the financial year 1988. Although the name of the scheme suggests that it is for farmers alone, you can also invest in the scheme. Aug 24, 2015 if the kisan vikas patra kvp is lost, stolen, destroyed, mutilated or defaced, the rightful owner of such kvp may apply for the issue of a duplicate kvp to the post master of post office, where the certificate is registered or issued. As a member, we are committed to follow the prescribed standards of banking practices as detailed in the code of banks commitment to customers. Now, this post contains all the important information such as kisan vikas patra calculator, kisan vikas patra interest chart, kisan vikas. A kisan vikas patra kvp certificate can be transferred from one post office to another or from one person to another. Aug 23, 2015 kisan vikas patra kvp yojna has been relaunched by government of india on 18th november 2014. Kisan vikas patra kvp is a post office savings scheme which doubles the principal amount in 118 months as per kisan vikas patra calculator with kvp interest rate is 7.
Any resident person or persons as specified below can make an application in forma either in person or through an authorised agent at a post office. National savings institute works under department of economic affairs, ministry of finance, government of india. The kisan vikas patra certificates can be bought for amounts as low as rs. It pairs a onetime interest in a time of around 9 years and 10 months 118 months. The certificate contains the details of the applicant, the invested amount, date of maturity and the amount received by the applicant on maturity. Ekisan vikas patra scheme, 2014 government business other services personal bank of. Nov 23, 2019 kisan vikas patra kvp is a post office savings scheme which doubles the principal amount in 118 months as per kisan vikas patra calculator with kvp interest rate is 7. You can fill the form then and there and directly submit it with the corresponding documents. Its primary objective is to encourage longterm financial discipline in people. Investing in kisan vikas patra is simple, as mentioned below. These forms retain the original format of the form. How banks will pay commission to agents for kisan vikas patra department of economic affairs, ministry of finance, government of india has advised, vide office memorandum f. Long term savings with the kisan vikas patra, you can start saving early with an amount as low as rs.
Well, form a is used for direct investment and form a1 colored background form is used if the investment is made through an agent. Want a longterm investment plan with a low investment risk. If the investment in kvp is through an agent, then the agent should fill form a1. Kisan vikas patra is a saving scheme that was announced by the government of india that doubles the money invested in eight years and seven months. Kisan vikas patra can be transferred from the one post office to another by submitting filled in kvp transfer form formb download here along with following documents to post office or designated branch where it was bought. Kisan vikas patra kvp is a governmentsponsored saving scheme that was initially designed specifically for farmers but is now open to all. Kisan vikas patra was very popular small saving instrument earlier, however, due to some reasons, this was discontinued.
To the branch manager, axis bank ltd iwe hereby tender rs. This form needs to be filled and submitted at the post office. Kisan vikas patra kvp is a post office savings scheme which was first launched in fy 1988 by indian post. How to purchase kisan vikas patra kvp certificates. All about kisan vikas patra from account opening to death. Kisan vikas patra tax on interest income tax forum.
Kisan vikas patra kvp saving scheme fundstiger fast. Some other things while purchasing kisan vikas patra kvp certificates also needed to note, such as mention if the kisan vikas patra kvp is purchased singly or is it a joint purchase, for a joint purchase, be sure to mention both the names on the form. Subsequently this central government scheme will doubl. A complete overview of kisan vikas patra kvp scheme. Kisan vikas patra kisan vikas patra india post introduced the kisan vikas patra as a small saving certificate scheme in 1988.
This is a very popular small saving scheme supported by the central government. Kisan vikas patra eligibility, features, interest rates. Kisan vikas patra is a testament plot from the indian mail station. You can apply for the kisan vikas patra by downloading the online application form. This savings scheme doubles the investment amount after a. Kisan vikas patra in 1998, india post introduced a new savings certificate scheme called kisan vikas patra.
Kisan vikas patra kvp is a saving instrument that provides interest income similar to bonds. To apply for kisan vikas patra certificate, you need to download the application form online or get it directly from the post office. Under this scheme, you can make a minimum investment of rs 1,000 to purchase a kvp certificate. This savings scheme doubles the investment amount after a predetermined tenure of. However, you can also get the form any departmental post office. Kisan vikas patra under the ministry of finance is a saving certificate which can be availed in the form of three categories. Some people have a misconception that only a farmer can invest money in kisan vikas patra.
Finance kisan vikas patra is a saving certificate which was first launched in 1988. Kvp certificates and application forms are available at authorized indian post offices and. Kisan vikas patra kvp is a governmentbacked savings certificate scheme which was first launched by the india post in 1988. Here is a quick link to the kisan vikas patra form. As per structured application user need to fill following details in application form. To apply for kisan vikas patra, you need to submit an application form a or form a1 either in person or with the help of agent of the small savings scheme. Jan 24, 2019 form of application for transfer of kisan vikas patra kvp from post office to a bank and viceversa about forms compiled in pdf fillable as excel word format these forms retain the original format of the form. Form a form of application for purchase of kisan vikas patra. National savings institute latest circulars notification. Sep 10, 2018 features and benefits of kisan vikas patra. The kisan vikas patra form is available online for download. Kisan vikas patra is a small savings instrument that facilitates people to invest in a longterm savings plan.
The required information must be provided in the identity slip also. Get information on different types kisan vikas patra certificates, and forms. Kisan vikas patra kvp yojna has been relaunched by government of india on 18th november 2014. Submit the duly filled form to the post office or bank. Form of application for purchase of kisan vikas patra by direct.
The directorate of small savings government of india, sells these saving bonds through all post off. To buy kvp, people need to fulfill all the details in the application form to confirm the identity of someone who is going to buy this kvp. Even though this scheme was popular, a government committee formed in 2011 suggested that kvp could be misused for purposes like money laundering. Jan 17, 2020 the current interest rate of kisan vikas patra comes down to 7. The rate of interest for this scheme is fixed by the government on a quarterly basis. It was successful in the early months but afterwards the government of india set up a committee under supervision of shyamala gopinath which gave its recommendation to the government that kvp could be misused. Claim application form for settlement of savings bank account of the deceased depositor where the claim is preferred on legal evidence of heirship. Kisan vikas patra form b in fillable pdf form of application for transfer of kisan vikas patra kvp from post office to a bank and viceversa about forms compiled in pdf fillable as excel word format. Kvp kisan vikas patra scheme features, eligibility, tax. Nov 27, 2014 govt of india has launched new kisan vikas patra kvp last tuesday, 18 th november, 2014. The process to invest in the kisan vikas patra online scheme is simple. Kisan vikas patra is an important topic for the ias exam. How to transfer a kisan vikas patra kvp certificate. In the application form, you will be required to mention the following details.
Steps to invest in kisan vikas patra and documents required. Apr 18, 2019 kisan vikas patra certificate is issued by india post and bank. Kisan vikas patra was a very popular investment scheme amongst the investor which was discontinued wef 30. Kisan vikas patra transfer from one person to another kisan vikas patra certificate can also be transferred from one person to another. On 18 th november 2014, union government relaunched kisan vikas patra scheme kvp in new delhi to encourage the habit of small savings among the citizens. Ekisan vikas patra scheme, 2014 government business. The current interest rate of kisan vikas patra comes down to 7. You can make the investment in kisan vikas patra both online and offline. Kisan vikas patra details and full updates india taaza khabar. Fill form a1 of appliction for purcjase of kian vikas patra, download blank or editable. Hence the government of india decided to close this scheme and kvp was closed in 2011. Kisan vikas patra kvp interest rate calculator tax. If the kisan vikas patra kvp is lost, stolen, destroyed, mutilated or defaced, the rightful owner of such kvp may apply for the issue of a duplicate kvp to the post master of post office, where the certificate is registered or issued. Therefore, all the people who are interested in knowing about the post office savings scheme interest rate, tax benefit can check this post.
There is option to apply for kisan vikas patra by downloading the application form from the website. Form a1 of appliction for purcjase of kian vikas patra fill online. Give a missed call to 8422992272 to receive the download link for axis mobile via sms. Kisan vikas patra eligibility, interest rate, features and. Ekisan vikas patra scheme, 2014 government business other. Upon submitting, the application form along with the photographs, the post office or the bank will issue the certificate called kisan vikas patra. Kvb was launched in 1988 to encourage savings and financial discipline with a focus on farmers and hence the name. Kisan vikas patra is a saving certificate scheme which was first launched in 1988 by india post. Post office savings scheme kisan vikas patra kvp interest.
Kisan vikas patra certificate is issued by india post and bank. Kisan vikas patra is a savings scheme in the certificate format available for the citizens of india. Then the kisan vikas patra plan is just what you need. This is a post office savings scheme under which the central government will double the principal amount in 118 months. Form a form of application for purchase of kisan vikas patra application no. Kisan vikas patra eligibility, interest rate, tax benefits. Apr 25, 2020 if you want to double the amount of your investment then you must think of investing in the post office kisan vikas patra scheme. Candidates can also download the notes pdf at the end of this article. Kvp can be purchased by a citizen of india and an adult, in your own name or on behalf of a minor. The process to invest your fund in kvp scheme is as follows offline procedure of investment in kisan vikas patra scheme. Collect the application form, form a, and fill the form with the necessary information. This saves the trouble of standing in lengthy queues.
The form can be handed over either to a postmaster or at the post office nearby. Kisan vikas patra kvp is small saving certificate scheme which was originally re introduced in budget 2014 presented. The procedure of investment in kisan vikas patra kvp savings scheme. Government relaunches kisan vikas patra current affairs. The kisan vikas patra is a saving scheme certificate that. If you are a subscriber of the kisan vikas patra scheme, you are eligible to avail a loan at lower rates just by using the kvp certificate as collateral.
In order to purchase a kisan vikas patra certificate, one must fill in the application form and furnish the required information. To do the same, a written application must be submitted to the post office or bank branch where the certificate was purchased. Kisan vikas patra transfer from one post office to another post office. Furnish all the relevant details on the form and submit it at the post office. You can either download these form online, print and fill it and submit to post office. It was discontinued briefly since 2011 and relaunched in 2014. Csrf registration form for opening of nps account, pdf icon, 848 kb. Any resident person or persons as specified below can make an application in form a either in person or through an authorised agent at a post office. It was closed in 2011 but brought back by the indian government in 2014.
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